Powerplay NYC Inc

Analysis

Powerplay NYC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Powerplay NYC Inc reported income of $1.9m and spending of $2.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.9m (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Powerplay NYC Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Shelton Family Center ($1.9m), Alliance for Recreation and Natural Areas ($1.9m) and Fleur de Lis Camp Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 113% of the total. Compensation of current officers, directors and key employees was $208k (9.5% of expenses). Other salaries and wages came to $554k. It paid $108k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $618k. It reported 68 employees.